According to today’s Economic Times, the race for the Company of the Year was a close affair but the award finally came to TISCO for making a significant, dramatic turnaround in the last year in the face of enormous odds, painlessly reducing its workforce and becoming highly cost efficient.

The awards will be given away at an exclusive ceremony by the Union Finance Minister in Mumbai on August 10, 2001, at a high profile function to be attended by the corporate glitter.